Choice Broking Vs Religare NRI Account Comparison

The side-by-side comparison of Choice Broking and Religare NRI Account. Compare Choice Broking Vs Religare NRI Account brokerage charges, exposure margin, demat account and AMC. Read Religare and Choice Broking NRI Account reviews.

Find out Choice Broking Vs Religare which is better NRI Trading Account. See Choice Broking Vs Religare which is best NRI Demat Account.

Our Choice Equity Broking Private Limited comparison with Religare highlights the major differences between two brokers. Find the best between Choice Broking and Religare NRI Account.

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Choice Broking Vs Religare

  Choice Broking Religare
 
Choice Equity Broking Private Limited Logo Religare Logo
About the Broker Choice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NR... Know more about Choice Equity Broking Private Limited Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare
Account Type NRI Trading NRI Account
Broker Enquiry Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Religare. Leave your contact info and we will get in touch with you.
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Choice Broking Vs Religare Charges

  Choice Broking Religare
NRI Account Opening Fees ₹0
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Nil
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Rs 400 from second year onward
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Religare NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking Religare
Account Type NRI Trading NRI Account
Equity Delivery 0.50%
Equity Futures 0.03%
Equity Options ₹100 per lot

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat Account AMC - ₹200 per year ODIN Diet: ₹999 per year
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Choice Broking Vs Religare NRI Account Taxes/Fees

  Choice Broking Religare
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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Choice Broking Vs Religare NRI Account Exposure Margin

  Choice Broking Religare
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

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Choice Broking and Religare NRI Account Feature Comparison

  Choice Broking Religare
3-in-1 Account No No
Automated Trading No
Free Research And Tips Yes Yes
Other Features
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Choice Broking Vs Religare NRI Account Review

  Choice Broking Religare
  7 Customer Reviews    Rate Choice Broking 77 Customer Reviews    Rate Religare
Fees 4.4 3.2
Brokerage 4.1 3.1
Trading Platform 4.4 3.0
Customer Service 4.0 2.9
Overall Rating Rated 4.1 stars Rated 2.9 stars
Broker Rating Choice Broking is Rated 4.1 / 5 based on 7 customer reviews Religare is Rated 2.9 / 5 based on 77 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Religare
Contact Broker
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Choice Broking Vs Religare NRI Investment Options

  Choice Broking Religare
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options
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Choice Broking Vs Religare NRI Customer Service

  Choice Broking Religare
Customer Care Number 022-67079903, 9819545987 0120 6130300
Customer Care Email nri@choiceindia.com wecare@religareonline.com
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Choice Broking Vs Religare Order Type Offered for NRI Account

  Choice Broking Religare
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Choice Broking Vs Religare - NRI Account Advantages and Disadvantages

  Choice Broking Religare
Pros
  • Free account opening.
  • Advisory services with access to a wide range of research reports.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Dedicated relationship manager.
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
Cons
  • Higher brokerage charges when compared to other discount brokers.
  • Do not offer 3-in-1 account services.
  • Do not provide an online account opening facility.
  • Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before trading.
Conclusion

Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses.

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

Promo / Offers
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Choice Broking Vs Religare - More Reviews

  Choice Broking Religare
NRI Trading Review Choice Broking NRI Account Review Religare NRI Account Review
Enquire Choice Broking Enquire Religare
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